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Last Article Uploaded: Monday, September 16th, 6:42PM
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Z, BP, Waitomo challenge ComCom claims on excess returns

Z Energy, BP and Waitomo Group have challenged the Commerce Commission’s claims that a lack of competition in the fuel sector is delivering participants excess returns.

Monday, September 16th, 6:41PM

Z Energy, the country’s biggest fuel retailer, says it has discovered a number of inaccuracies in the commission’s draft findings on profitability, including a misrepresentation of Z’s 2016-2018 rate of return as about 22 percent, about double Z’s independently reviewed calculations of about 11 percent, chief executive Mike Bennetts said.

The study had also used the wrong number ...MORE»

High oil prices weigh on Air NZ, Mainfreight; Shares close down

Monday, September 16th, 6:39PM

New Zealand shares fell as the attack on Saudi Arabian oil facilities unnerved investors and higher oil prices weighed on transport stocks including Air New Zealand and Mainfreight.

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Nikko launches high-risk 'disruptors' fund

Monday, September 16th, 6:00AM

An investment fund opened to the public today will give investors access to disruptors, Nikko Asset Management says.

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[The Wrap] The word on good customer outcomes from the top

A couple of weeks ago I wrote about how there is a lack of clarity around what a good customer outcome looks like. Since then many people have commented.

Friday, September 13th, 4:38PM  2 comments

It's increasingly clear this isn't something which is prescriptive or binary.

Rather. it's a subjective thing which no doubt will get tested in court sometime.

This week, at the Financial Services Council annual conference, FMA chief executive Rob Everett made a few things clear. The first is good customer outcomes is not something which is defined by law or regulations. It's doing ...MORE»

No need for Royal Commission

Friday, September 13th, 4:25PM

Finance Minister Grant Robertson says there is no need for a Royal Commission in New Zealand.

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Minister says Govt will force change

Friday, September 13th, 4:05PM

Delegates at the Financial Services Council annual conference were given a clear message that they needed to “up their game”, or the Government would intervene.

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BNZ adopts custom based index

Friday, September 13th, 5:41PM

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[GRTV] Loyal Clients; Happy Clients

Wednesday, September 11th, 5:28PM

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[GRTV] Happy Clients, Loyal Clients

Monday, September 16th, 12:13PM

Emily Tsai, from Asian Insurance Advisers, took the stage the MDRT Global conference in Sydney and explained how she successfully manages clients. MORE»

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Pepper Money launches in NZ

Monday, September 16th, 8:49AM

Australian non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, with a vow to bring Kiwi borrowers unprecedented levels of choice and flexibility in their mortgage options. MORE»

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Anti-commission advocate appointed to FMA board

Friday, September 6th, 11:34AM  5 comments

Two new appointments have been made to the Financial Markets Authority board; One is opposes commission payments and the other a director who has polarised people. MORE»

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FSC KiwiSaver overhaul: Boost access to advice

Wednesday, September 11th, 6:00AM

Financial advice could be provided free or at a discount to SuperGold cardholders, or be made tax-deductible, the Financial Services Council has suggested among its package of recommendations to overhaul KiwiSaver. MORE»

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